Oil Prices Rocket 6% as Stocks & FX Implode in Post-War Market Bloodbath

Black gold surges while traditional markets crumble—because nothing fuels chaos like geopolitical panic.

Commodities Flex, Equities Wrecked

Oil’s 6% spike mirrors the desperation of traders fleeing crumbling stocks and currency markets. Friday’s war shockwaves just triggered Monday’s reckoning.

The Domino Effect

When bullets fly, portfolios die. FX markets got steamrolled as safe-haven plays collapsed—proving yet again that Wall Street’s ‘risk models’ are just glorified horoscopes.

Welcome to the era where conflict isn’t just hell on earth—it’s a margin call.

Iran retaliates, warns of shutting vital oil route

The escalation didn’t stop at Israel’s offensive. According to The Times of Israel, Iranian missile strikes struck a major refinery in Haifa, worsening concerns over global oil supplies. Tensions remain high as the war enters day three, with no indication that either side will step back.

On Saturday, a senior Iranian commander threatened to shut the Strait of Hormuz, the strategic chokepoint through which more than 20% of global oil exports move. If that happens, it could paralyze international energy logistics.

Stock futures tumbled as soon as markets opened. Dow Jones Industrial Average futures dropped 92 points (or 0.2%), while S&P 500 and Nasdaq 100 futures both fell by 0.2% as well.

This came on the heels of a brutal Friday session, when the Dow plunged over 700 points. All three indexes finished the week in the red—Dow down 1.3%, S&P 500 lower by 0.4%, and Nasdaq Composite closing with a 0.6% loss.

Crypto stays largely muted as gold surges

Investors ran to safety. Gold rallied hard, reaching $3,450. Global currencies took a hit. The euro fell to 1.1555 against the dollar, down 0.39%. The British pound dropped 0.45% to 1.3565, while the Japanese yen rose 0.66% to 144.14 per dollar. The Canadian dollar slid to 1.3587, and the Australian dollar dropped sharply to 0.6485, down 0.66%.

The crypto market has managed to stay flat through it all. At press time, Bitcoin was worth $105,182, down 0.32%. Ethereum was up 0.15% to $2,538, while Cardano and XRP both rose 1%. Dogecoin dropped the most, falling 2.08% to $0.1751.

Market watchers are now locked in on manufacturing survey data coming Monday morning, right before the Federal Reserve’s rate decision on Wednesday. With current expectations holding firm at a 97% probability of no change, the spike in oil prices is throwing a wrench into hopes for a pivot.

As you may know, president Donald TRUMP has been publicly pressuring Fed Chair Jerome Powell for a rate cut. But with energy costs ballooning, odds of a policy shift are fading fast.

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